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first_imgFirstEnergy Falters in Ohio Campaign for Bailout of Its Failing Power Plants FacebookTwitterLinkedInEmailPrint分享Cleveland Plain Dealer:Neither the Trump administration nor Gov. John Kasich is inclined to give FirstEnergy’s struggling power plant company a free pass around competition, even as the number of competitors is increasing and the subsidiary faces bankruptcy.FirstEnergy Solutions, the unregulated power plant subsidiary that does business in wholesale and retail markets, is negotiating with its creditor. Standard & Poor’s has further reduced the bond credit rating of the subsidiary, reasoning that a bankruptcy filing is inevitable because the old plants cannot compete against new gas turbines. The first of 10 large gas-turbine power plants already approved by the state officially opened this week, generating nearly 900 megawatts of power — about the same as FirstEnergy’s nearby Davis-Besse nuclear plant. The Oregon Clean Energy Center in suburban Toledo is selling that power directly into the regional high-voltage grid’s competitive market, where Davis-Besse must compete as well.Similar-sized gas turbine plants are under construction in Lordstown, in Carroll County and in Butler County. The plants are said to be twice as efficient as Davis-Bess and are cheaper to run, at least for now.The Ohio Power Siting Board has approved another plant in Columbiana County and a fifth one in Monroe County. Applications are pending for three more plants and another is in a “pre-application” phase.Against this backdrop, Kasich this week said flatly he does not support FirstEnergy’s proposal before Ohio lawmakers to create “zero emission credits,” or ZECs, for its two nuclear power plants in recognition that the Davis-Besse and Perry nuclear plants do not produce carbon dioxide. The proposal, labeled a “bailout” by opponents, is stuck in legislative committees.The ZECs would run for about 17 years, subject to periodic state review, initially raising total customer bills by about $300 million a year. Average consumer bills would increase by $5 a month, says the company. The company has been clear that even if the ZECs are enacted, it hopes to sell Perry and Davis-Besse, and all of its power plants, if it has to sell power in competitive markets.Kasich’s pro-market position appears to mirror the newly emerging position of the U.S. Department of Energy and the White House which, according to wire reports, have refused to declare a federal emergency to “save” old coal-fired plants and therefore save coal mining jobs as the president promised during his election campaign.FirstEnergy Solutions owns two of FirstEnergy’s big coal-fired plants, the W.H. Sammis plant in Straton, Ohio, on the Ohio River, and the Bruce Mansfield plant in Shippingport, Pa.FirstEnergy’s other large coal plants are owned either by subsidiary Allegheny Energy Supply, which is not known to be contemplating bankruptcy, or to MonPower, a regulated West Virginia utility. More: FirstEnergy power plant bailouts rebuffed by state and federal leaderslast_img read more

first_imgFloyd’s death has sparked national outrage, and social justice demonstrations turned violent this week in Minneapolis and beyond. Minnesota Gov. Tim Walz activated the National Guard on Thursday in order to “help protect Minnesotans’ safety and maintain peace.”Kaepernick’s posts on Twitter and Instagram, both shared Thursday afternoon, addressed the rising anger across the country.MORE: Stephen Jackson opens up about friendship with George Floyd”When civility leads to death, revolting is the only logical reaction,” Kaepernick said. “The cries for peace will rain down, and when they do, they will land on deaf ears, because your violence has brought this resistance.”We have the right to fight back! Rest in power George Floyd.” A post shared by colin kaepernick (@kaepernick7) on May 28, 2020 at 9:47am PDTThe four officers involved in Floyd’s death were fired, which Minneapolis Mayor Jacob Frey said was “the right call.” The officer who was seen kneeling on Floyd’s neck in the video was later identified as Derek Chauvin. The FBI is investigating the incident. Colin Kaepernick is fully behind the ongoing protests taking place following the death of George Floyd in Minnesota.A video surfaced Monday showing a Minneapolis police officer pressing his knee into Floyd’s neck near a squad car. (Officers were responding to a report of a suspected forgery at the time.) Floyd repeatedly said he couldn’t breathe, and at one point he stopped moving and appeared to be unconscious. Floyd later died at a local hospital. Kaepernick became a prominent voice for social justice after choosing to kneel during the national anthem in 2016 while playing for the 49ers. “I am not going to stand up to show pride in a flag for a country that oppresses black people and people of color,” Kaepernick told NFL Media in August 2016. “To me, this is bigger than football and it would be selfish on my part to look the other way. There are bodies in the street and people getting paid leave and getting away with murder.”UPDATE: Chauvin was taken into custody and has been charged with third-degree murder and manslaughter, Hennepin County Attorney Mike Freeman announced Friday afternoon. View this post on Instagramlast_img read more